IATA blamed surging oil prices, unrest in the Middle East and natural disasters across the globe for slashing the airline industry’s projected 2011 profit by 54% to $4 billion from $8.6 billion forecast by the organization in March (ATW Daily News, March 3). The downgrade, the second in just three months, is a sobering 78% below 2010’s $18 billion profit. Expected revenue of $598 billion means that the industry's profit margin will be an insignificant 0.7%. Speaking in ...

Subscribe to Access this Entire Article

"Oil prices, natural disasters lower IATA's 2011 profit forecast" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.